The world’s governments have “only a couple years” to fix their runaway debt

BofA analyst: The world’s governments have “only a couple years” to fix their runaway debt before it could spiral out of control. It would be the mother of all bailouts: Global government debt is approaching $100 trillion — roughly equal to all the money in all the world. If it happens, it would lead to a stagflation we haven’t seen in 50 years. And, given recent economic numbers, we’re already well on the way.

BofA analyst: The world’s governments have “only a couple years” to fix their runaway debt before it could spiral out of control.

It would be the mother of all bailouts: Global government debt is approaching $100 trillion — roughly equal to all the money in all the world.

If it… pic.twitter.com/vZ1jCq3nGk

— Peter St Onge, Ph.D. (@profstonge) April 26, 2024

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